Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?

What happens when a bank is required to hold more money in reserve?

A. It has less money for loans

B. It has less money for operations

C. It has less money for interest payments

D. It has less money for withdrawals

What services does Medicaid provide, and who benefits from these services?

The development of many new businesses helps limit:

A. unemployment;

B. taxation;

C. revenue;

D. risk.

Adam Smith believed that government should intervene in economic activities. True or False.

What is the Dow Jones Industrial Average?

An entrepreneur would most likely be interested in the following:

A. job security;

B. financial gain;

C. personal fulfillment;

D. a flexible working environment.

Santana Rey of Business Solutions is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules. Business Solutions has three different types of software in its inventory, and the following information is available for each.

$$\begin{matrix} \text{Inventory Items} & \text{Units} & \text{Cost per Unit} & \text{Market per Unit}\\ \text{Office productivity} \ldots\ldots\ldots & \text{3} & \text{\$75} & \text{\$74}\\ \text{Desktop publishing} \ldots\ldots\ldots & \text{2} & \text{103} & \text{100}\\ \text{Accounting}\ldots\ldots\ldots & \text{3} & \text{90} & \text{96}\\ \end{matrix}$$

1. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole. Must Rey adjust the reported inventory value? Explain. 2. Assume that Rey had instead applied the lower of cost or market rule to each product in inventory. Under this assumption, must Rey adjust the reported inventory value? Explain. Selected accounts and balances for the three months ended March 31, 2018, for Business Solutions follow.

$$\begin{matrix} \text{January 1 beginning inventory}\ldots\ldots\ldots & \text{\$ 0}\\ \text{Cost of goods sold} \ldots\ldots\ldots & \text{14,052}\\ \text{March 31 ending inventory} \ldots\ldots\ldots & \text{704}\\ \end{matrix}$$

1. Compute inventory turnover and days’ sales in inventory for the three months ended March 31, 2018. 2. Assess the company’s performance if competitors average 15 times for inventory turnover and 25 days for days’ sales in inventory.

What is one benefit for U.S. workers who have a college degree rather than a high school diploma?

a) More than 80 percent of jobs require a college degree.

b) Those with a college degree report higher job satisfaction.

c) Most workers with a college degree are immune to layoffs.

d) Those with a college degree earn nearly twice as much as those without.

John Maynard Keynes believed that governments should increase spending in order to

The benefits a worker receives from an employer typically include:

a. federal grants.

b. the hourly pay rate.

c. interest on student loans.

d. medical and dental coverage.

Flora’s Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 60 units—50 units from the January 6 purchase and 10 units from the January 25 purchase. (e) Which method yields the lowest net income?

Flora’s Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 60 units—50 units from the January 6 purchase and 10 units from the January 25 purchase. Determine the cost assigned to ending inventory and to cost of goods sold using (d) LIFO.

Flora’s Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 60 units—50 units from the January 6 purchase and 10 units from the January 25 purchase. Determine the cost assigned to ending inventory and to cost of goods sold using (b) weighted average.